“that money can’t even come into the nation due to current policies”
[Be aware that in my youth, there was a tax (~44% annually)placed on corporations which held onto earnings instead of using them to pay dividends.]
Obama and the Republican Congress are still running massive deficits.
We could only cut taxes at the corporate level by basically ending special treatment of capital gains.
The nation can’t lose $100 billion/year of corporate income tax revenue unless it makes it up by increasing say capital gains taxation.
Cutting the corporate tax rate to 19% and ending the special treatment of capital gains is probably the proper course.
The tax was called a retained earnings tax.
In Florida there used to be an annual tax (imposed in 1931 I believe) on the value of stock - a real pain in the posterior - I had to look up the official value of each stock on January 1st (I believe).
I think my rate was .6% annually.
Such a tax could be placed at the federal level on the stocks of companies with retained earnings higher than their dividend payments of the past five years.
I’m not a fan of large corporations benefiting from the federal patent system and then dodging federal taxes.